Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$104,876$104,876$301,410
Remaining term (yrs)23.123.130.0
Secondary amount$0$196,534$0
Funding fee$0$0$0
Note rate3.140%3.140%7.320%
Blended rate3.990%6.605%7.560%
1st payment$530.13$530.13$2,070.48
2nd payment$0.00$1,310.23$0.00
Taxes / mo$184.75$184.75$184.75
Insurance / mo$150.00$150.00$150.00
MI / mo$83.87$83.87$60.28
HOA / mo$419.00$419.00$419.00
Total monthly$1,367.75$2,677.97$2,884.51
Cash to close$230,024$33,490$33,490